Tsakos Energy Navigation Limited
Cash Flow
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Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Tsakos Energy Navigation Limited generated cash of $395,279,000, which is more than the previous year. Cash used in financing activities reached the amount of -$190,583,000 last year. Net change in cash is therefore $67,255,000.
Cash Flow
| 2014 | 341M | -339M | 20M |
|---|---|---|---|
| 2015 | 517M | -303M | -172M |
| 2016 | 489M | -340M | -91M |
| 2017 | 167.65M | -241.79M | 76.13M |
| 2018 | 439M | -2.51B | 2.47B |
| 2019 | 444M | -606M | 3M |
| 2020 | 205.41M | -94.61M | -136.80M |
| 2021 | 53.11M | -8.00M | -89.68M |
| 2022 | 288.52M | -301.81M | 195.52M |
| 2023 | 395.27M | -137.44M | -190.58M |
TEN Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 309.43M | 127.19M | 171.77M | 197.77M | 702M | 318M | 197.77M | 287M | 282M | 275M |
Operating activities | ||||||||||
Net income | 300.18M | 208.46M | -150.58M | 27.22M | -334M | 55M | 7.61M | 363M | 247M | 226M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 123.11M | 121.57M | 126.82M | 127.27M | 673M | 345M | 139.02M | 212M | 203M | 208M |
Stock-based compensation expense | 0 | 0 | 24M | 18M | 25M | 14M | 14M | 14M | 15M | 13M |
| Deferred income tax benefit | 0 | 0 | 24M | 18M | 25M | 14M | 14M | 14M | 15M | 13M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 28.37M | -35.23M | -408M | -194M | -225M | -190M | 8.57M | -215M | -90M | -83M |
Inventories | 3.70M | -3.29M | -1.10M | -8.78M | 284M | 27M | 2.46M | -57M | -36M | -74M |
Accounts payable | -11.83M | -27.06M | 23.36M | 14.98M | -66M | 291M | -4.04M | 109M | 90M | 94M |
Cash generated by operating activities | 395.27M | 288.52M | 53.11M | 205.41M | 444M | 439M | 167.65M | 489M | 517M | 341M |
Investing activities | ||||||||||
Purchases Of Investments | -5M | 0 | -8M | 0 | -2M | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -298.38M | -333.36M | -61.22M | -188.24M | -744M | -507M | -293.34M | -345M | -309M | -344M |
Acquisitions Net | 0 | 31.55M | 9M | 9M | -134M | -2.19B | 51.55M | 0 | 0 | 0 |
Cash generated by investing activities | -137.44M | -301.81M | -8.00M | -94.61M | -606M | -2.51B | -241.79M | -340M | -303M | -339M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 44.03M | 53.47M | 3.46M | 16.55M | 0 | 10.85M | 18M | 6M | 19M |
Payments for dividends | -61.86M | -43.71M | -36.31M | -46.70M | -49.30M | -59M | -39.87M | 0 | -213M | -22M |
Repurchases of common stock | -108.31M | -2.5M | -168K | -59.83M | 0 | -1M | 0 | -225M | -213M | -22M |
Repayments of term debt | -16.45M | 206.93M | -129.14M | -34.75M | -62.57M | -5.85B | -2.96M | 0 | -14.93M | -80M |
Cash used in financing activities | -190.58M | 195.52M | -89.68M | -136.80M | 3M | 2.47B | 76.13M | -91M | -172M | 20M |
Net Change In Cash | 67.25M | 182.24M | -44.57M | -25.99M | -136M | 384M | 4.9M | 60M | 5M | 7M |
Cash at end of period | 376.69M | 309.43M | 127.19M | 171.77M | 566M | 702M | 202.67M | 347M | 287M | 282M |
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